How liquidations in construction can impact you

Taryn van Deventer, MDA senior associate, discusses the growing number of liquidations in the construction industry. “Stats SA indicated a 6.5% growth of liquidations in 2014 and reported an average of five liquidations a month in the construction industry. On account of the economic situation in South Africa, liquidations are on the rise and this situation can adversely affect those investing in construction projects and being appointed as contractors and sub contractors on new projects.”